Why I became a Dementia Friend.
I became a Dementia Friend in July 2014 by attending a training session where I learnt more about what it's like to live with dementia and how best we can all support those who care for them.
Problems can arise if you are no longer able to manage your affairs owing to dementia, but even more commonly so – in illness or old age. What will you live on? How would your bills be paid? Who will sign necessary documents for you?
It is possible to make arrangements for someone to look after your assets and financial affairs, either now or in the future if for any reason you are unable to do so personally – through a lasting power of attorney (LPA).
You can appoint one or more persons, known as 'attorneys', to act either generally in relation to all your property and financial affairs or alternatively in relation to specific affairs. Your attorney may act for you while you retain capacity to manage your affairs and your attorney will also be able to act for you if you become unable to manage your affairs. You also have the option of an LPA for your health and welfare that acts like an advanced directive or 'living will'.
If you do not make an LPA, and become incapable of managing your affairs through mental incapacity, an application has to be made for a deputy to be appointed by the Court of Protection. A responsible person, usually a relative, is appointed to be a deputy to manage your affairs.
The Court of Protection supervises the management of your affairs during the time that it is necessary to do so. The procedure can be costly and time consuming and may often be distressing for the family in such circumstances.
Having an LPA in place ahead of a time where you may be incapacitated, is important – for you to have comfort that your finances and care can be taken care of, but also to ensure your family aren’t put under undue stress. Please contact our specialist team for more information on how we can help you.